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GM Shareholder Activist Victory Invites Concerns

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GM Shareholder Activist Victory Invites Concerns

In the years since General Motors went bankrupt and took a massive taxpayer bailout, the company has maintained a “fortress balance sheet,” heavy on shock-absorbing cash. After a monthlong siege, however, that fortress has proved permeable, as activist shareholders managed to wrangle billions out of the company’s keep. GM announced Monday that it would repurchase $5…

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